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Crypto Contest June 14: Ellipsis

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25
Markus Aarnio
@maarnio
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Ellipsis (Binance: EPSUSDT) has broken out of the triangle pattern in the four-hour chart. (Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, EPS began a red wave one advance on May 29. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 31 and the red wave two (blue sub-waves a-b-c) correction ended on June 8. If this wave count is correct, EPS should be heading next towards the May 31 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Ellipsis is a stable coin AMM. Ceazor's Snack Sandwich reviewed the project back in April this year.

(Sources: https://www.ellipsis.finance/)

How Will Ellipsis Trade?

Ellipsis (Binance: EPSUSDT) four-hour chart by Tradingview. (Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

EPS will takeout the May 31 peak

EPS will drop below the May 29 low

EPS will stay in a trading range between the May 29 low and the May 31 peak until July 21

Posted Using LeoFinance Beta